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FINA7004 - Finance: Control & Evaluation

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Title:Finance: Control & Evaluation
Long Title:Finance: Control & Evaluation
Module Code:FINA7004
 
Credits: 5
NFQ Level:Intermediate
Field of Study: Banking, Finance and Investment
Valid From: Semester 1 - 2017/18 ( September 2017 )
Module Delivered in 1 programme(s)
Next Review Date: December 2020
Module Coordinator: CATHERINE MURPHY
Module Author: Scott McGowan
Module Description: This module introduces business students with a particular interest in IS / IT to Business Finance. The module examines the financial management of a company's resources while placing an emphasis on IS & IT developments.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Apply discounting techniques to calculate present values that reflect the time value of money.
LO2 Perform detailed cash budgeting with particular reference to larger organisations
LO3 Identify and apply the various investment appraisal techniques available to financial managers.
LO4 Evaluate company or divisional performance using appropriate measures.
LO5 Calculate a firm's weighted average cost of capital.
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named CIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.

No requirements listed
Co-requisites
No Co Requisites listed
 

Module Content & Assessment

Indicative Content
The Time Value of Money
Apply discounting techniques. Use the cost of capital to calculate present values. Perform annuity and perpetuity calculations.
Cash Budgeting
Perform detailed cash budgeting. Opportunity costs, relevant costing. Differentiate between cash flow and profit. The role of shared services centres such as I.T, Treasury or Finance regarding cash budgeting.
Investment Appraisal Techniques
Payback, Discounted Payback, Net Present Value, Internal Rate of Return, Accounting Rate of Return. The role of a shared services centre such as I.T, Treasury or Finance in evaluating divisions requests for capital.
Performance Management
Financial & non financial performance measures. The Balanced Scorecard. SWOT analysis. Bench-marking. Divisional performance. Residual Income and Return on Investment. The role of a shared services centre such as I.T, Treasury or Finance in evaluating divisional performance.
Sources of Finance
Long term, medium term and short term financing. Debt & Equity. The Stock Market. The Weighted Average Cost of Capital (W.A.C.C.)
Assessment Breakdown%
Course Work30.00%
End of Module Formal Examination70.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Short Answer Questions In class exam examining discounting techniques budgeting and investment appraisal. 1,2,3 30.0 Week 7
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3,4,5 70.0 End-of-Semester
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The institute reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Formal lectures with worked examples. 3.0 Every Week 3.00
Independent & Directed Learning (Non-contact) Computational examples, student research and study 4.0 Every Week 4.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Formal lectures with worked examples. 1.5 Every Week 1.50
Independent & Directed Learning (Non-contact) Computational examples, student research and study 5.5 Every Week 5.50
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 1.50
 

Module Resources

Recommended Book Resources
  • Peter Atrill & Eddie McLaney 2015, Management Accounting for Decision Makers, 8th Edition Ed., Chapters: 1, 2, 5, 6, 8, 9, 10., Pearson [ISBN: 9781292072432]
Recommended Article/Paper Resources
  • Sylvia Dempsey & Ruth Vance 2006, Management Accountants; leading the agenda not just supporting it., Accountancy Ireland, Vol. 38, no. 6 13-16
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CR_BBISY_8 Bachelor of Business (Honours) in Information Systems 4 Mandatory

Cork Institute of Technology
Rossa Avenue, Bishopstown, Cork

Tel: 021-4326100     Fax: 021-4545343
Email: help@cit.edu.ie